Walmart Inc. (NYSE:WMT) Holdings Cut by Segment Wealth Management LLC

Segment Wealth Management LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 258,225 shares of the retailer’s stock after selling 794 shares during the quarter. Walmart makes up 1.6% of Segment Wealth Management LLC’s investment portfolio, making the stock its 9th largest position. Segment Wealth Management LLC’s holdings in Walmart were worth $23,331,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Perpetual Ltd increased its position in Walmart by 106.2% during the fourth quarter. Perpetual Ltd now owns 26,297 shares of the retailer’s stock worth $2,376,000 after purchasing an additional 13,541 shares during the last quarter. First United Bank & Trust grew its stake in shares of Walmart by 4.8% during the 4th quarter. First United Bank & Trust now owns 8,967 shares of the retailer’s stock valued at $810,000 after buying an additional 412 shares during the period. Charles Schwab Trust Co increased its holdings in shares of Walmart by 5.5% during the 4th quarter. Charles Schwab Trust Co now owns 19,176 shares of the retailer’s stock worth $1,733,000 after buying an additional 1,003 shares during the last quarter. Aspiriant LLC raised its position in shares of Walmart by 13.6% in the 4th quarter. Aspiriant LLC now owns 16,409 shares of the retailer’s stock worth $1,483,000 after buying an additional 1,959 shares during the period. Finally, Royal Fund Management LLC boosted its holdings in Walmart by 1.4% in the fourth quarter. Royal Fund Management LLC now owns 147,404 shares of the retailer’s stock valued at $13,395,000 after acquiring an additional 1,968 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 97,928 shares of company stock valued at $8,978,123 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Telsey Advisory Group lifted their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $94.69.

Walmart Price Performance

NYSE WMT opened at $93.26 on Thursday. The company has a 50-day moving average price of $91.47 and a two-hundred day moving average price of $81.79. Walmart Inc. has a 52 week low of $53.44 and a 52 week high of $96.18. The stock has a market cap of $749.19 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 4.36 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.